Billions of dollars’ worth of contracts predicting oil would fall and the S&P 500 would rise were placed about 15 minutes before Trump announced a U-turn on Iran in a post on Truth Social. CFTC staff began to investigate-- then were told to lay off. bloomberg.com/news/features/…
@dlo3812294@agnostoxxx 0 percent inflation is the non-target that lead to a 2 % target, since it risks deflation. Which is objectively bad. The goal, imo, is not about the number, it’s about tolerating as little monetary debasement as possible, while promoting stable prices.
@Chiieeef@ivanpckr@jimmy_lind21791@FordJohnathan5 Inflation is both their faults; however inflation is up from Biden’s term end to now. Clearly there is casualty from Trump’s policies. Further, I’d argue inflation was more a choice of the Trump installed Powell en route to that 9 you cite, vs Biden policies. Big fiscal is both.
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